Interesting why gold price has not received a massive boost. Normally together with USD gold is seen as a safe haven in uncertain times.

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Aren't 'times' always uncertain? Gold did rocket when Russia invaded Afghanistan and then with inflationary fears after the US QE but certainly has done nothing with Russia vs. Ukraine/Crimea, Ebola, Greece, MERS etc, etc

Aren't 'times' always uncertain? Gold did rocket when Russia invaded Afghanistan and then with inflationary fears after the US QE but certainly has done nothing with Russia vs. Ukraine/Crimea, Ebola, Greece, MERS etc, etc

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Of course times are always uncertain, but 'investment World' looks like to be spooked by China and Greece. Normally when investors get spooked investments flows to USD and gold. Even during GFC funds were flowing to gold and gold mining stocks.

I agree with Mark B. Liker DT says, when the GFC really hit everyone leapt to the USD and the AUD plummeted in comparison even though it was the American subprime crisis. The Gold price hit a speculative bubble nominally based on QE inflationary fears... bursting 3 years later at end of 2011 and has retreated ever since.

I agree with Mark B. Liker DT says, when the GFC really hit everyone leapt to the USD and the AUD plummeted in comparison even though it was the American subprime crisis. The Gold price hit a speculative bubble nominally based on QE inflationary fears... bursting 3 years later at end of 2011 and has retreated ever since.

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2008 GFC - around Au$ 68

50 in recent times a nonsense, in fact we are talking around year 2002-2004

An update, Au$ trending down, 72 was what RBA was forecasting, looks like it may happen very soon

Australian Dollar:
The Australian dollar plunged through 0.7450 on Tuesday touching overnight lows of 0.7397. The Aussie has suffered a remarkable and dramatic sell off since breaking lower late Friday as global uncertainty and tumbling commodity prices force investors toward haven assets. Copper fell to 6 year lows while nickel and iron ore tumbled and oil prices plunged a further 4% on Tuesday as concerns over Chinese equities and a rout on the stock market dampened global demand expectations. Throw in the ever unfolding Greek credit crisis and market appetite for risk is all but evaporated. The RBA offered little support as markets largely ignored the central bank’s decision to maintain the current monetary policy stance having priced in the pronouncement. Attentions will again turn offshore for direction with little available on the domestic economic docket. Having broken key technical supports the Aussie is poised to enter a deeper bearish trend with new lows ranging toward 0.72.

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